STMicroelectronics: biometric payment platform certified
(CercleFinance.com) - STMicroelectronics announced that it has received EMVCo1 certification for its STPay-Topaz-Bio biometric payment card platform.
The certification confirms the platform's security and interoperability with payment systems: Mastercard and Visa payment system certifications are expected in early 2023.
This achievement makes STPay-Topaz-Bio and the underlying secure hardware the first all-inclusive EMVCo certified platform comprising a secure biometric element and a secure operating system.
The biometric payment card market is expected to grow at a CAGR of over 200% until 2026.
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